A Reconciliation from Proprietary Funds Statements to Government-Wide Statements Is

question 41

Multiple Choice

A reconciliation from Proprietary funds statements to government-wide statements is not necessary because …

• A) They both use the same measurement focus and basis of accounting (economic resources, accrual).
• B) They both use the same measurement focus and basis of accounting (current financial resources, modified accrual)
• C) They use a different measurement focus and basis of accounting.
• D) They use a different measurement focus and basis of accounting

---

Definitions:

Stock Options Plan

A benefit plan that gives employees the option to buy company shares at a future date at a predetermined price.

Company Stock

Shares of ownership in a corporation, representing a claim on the company's assets and earnings.

Upward Communication Channel

The flow of information from lower levels of a hierarchy to higher levels, including feedback, reports, and suggestions.

Employee Survey

A tool used by organizations to collect feedback, opinions, and suggestions from employees, often regarding job satisfaction, workplace environment, and organizational culture.